Retailers

Hardware store slated for Meridian Street building

April 5, 2011
Scott Olson
City grants approval Tuesday morning for the reuse of Meridian Street building that WFYI vacated in May 2008.
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LOU'S VIEWS: The closing of Borders ... read it and weep

March 26, 2011
Lou Harry
The coffee smell dissipates. The signs drop from 25%-50% off to 40%-60% off. Shelves of books migrate from soon-to-be-closed-off sections to empty shelf space elsewhere, causing category labels to lose their meaning. Customers linger, wondering if a novel unworthy of their $24 might be worthy of $12. This is how it ends for Indianapolis’ only downtown full-service bookshop.
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Toning-shoe trend fading, but doesn't trip up Finish Line

March 25, 2011
Cory Schouten
The toning trend in athletic shoes apparently has run its course. Sales of the oddly shaped shoes fell more than 45 percent in the fourth quarter for The Finish Line Inc., but the local retailer still posted improved profit and revenue.
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Finish Line reports rise in quarterly earnings, sales

March 25, 2011
Associated Press
The Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue rose 2.7 percent, to $384.6 million.
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Luna Music closes Mass Ave. store

March 24, 2011
Scott Olson
Closure leaves locally owned independent record shop with one location, in Meridian Kessler, as the industry struggles to compete with digital downloading.
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Altum’s staying put at current west Carmel location

March 23, 2011
Scott Olson
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn't found a buyer. Kroger nixed a deal to buy its property last fall.
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STYLE: A pair of local designers rack up retail space

March 19, 2011
Gabrielle Poshadlo
While most local designers have thus far forgone the operating cost of a brick-and-mortar boutique, these opt for a tangible location
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Borders closing another local bookstore

March 18, 2011
 IBJ Staff
The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.
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Shoe Carnival reports record annual profit

March 18, 2011
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.
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Retail chain Family Leisure finding new identityRestricted Content

March 12, 2011
Cory Schouten
Recreational product superstore Family Leisure changed its name from Watson's two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
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Law student taps connections for shoe startup

March 11, 2011
Kathleen McLaughlin
Arsene Millogo is sitting out the current semester at IU School of Law-Indianapolis to work on his own line of running shoes, a startup he and three friends financed with more than $50,000 of their own money.
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Retail sales up 1 percent in February

March 11, 2011
Associated Press
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
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INSIDE DISH: Arsenal owners' ploy is gaming plus grubbing

March 4, 2011
Mason King
Arsenal_WatchVideoGameroom lords Andrew Chang and Troy Branam want players to come for Dungeons & Dragons and stay for the Wizards Gumbo.
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Appellate court upholds state alcohol permit quotas

March 4, 2011
Scott Olson
Judges' decision deals blow to state's package liquor stores, which sought to stop the Indiana Alcohol and Tobacco Commission from issuing new permits until the judges could clarify state quota laws.
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Blockbuster selling movie-rental chain to creditors

February 22, 2011
 IBJ Staff and Bloomberg News
The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.
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Marsh agrees to settle labor complaint

February 17, 2011
 IBJ Staff
Marsh Supermarkets Inc. has agreed to pay a total of $42,500 to settle a National Labor Relations Board case accusing the grocery chain of interfering with workers’ attempts to unionize.
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UPDATE: Borders files bankruptcy, to close 2 area stores

February 16, 2011
 IBJ Staff and Bloomberg News
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
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Retail sales rise again despite severe weather

February 15, 2011
Associated Press
Shoppers pushed retail sales up for a seventh straight month in January, but the increase was the weakest since June.
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Inspectors find Indiana tobacco sales to minors declining

February 14, 2011
Associated Press
A partnership called the Tobacco Retailer Inspection Program said Monday that sales of tobacco products to teen-agers occurred in less than 4 percent of more than 8,400 inspections.
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Dreyer & Reinbold expanding racing operations

February 10, 2011
Scott Olson
Carmel-based team is building a 12,000-square-foot addition at its headquarters that will house a state-of-the-art machine shop outfitted with high-tech milling machines manufactured by Indianapolis-based Hurco Cos.
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Indianapolis customers line up for Verizon iPhone

February 10, 2011
Sean Morrison
Customers waiting outside the Verizon Wireless store in Castleton early Thursday wanted two things: iPhones and warmth.
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Entrepreneurs plan microbrewery for Fountain Square

February 9, 2011
Kathleen McLaughlin
A group of entrepreneurs plans to open Fountain Square Brewing Co., possibly this summer, in a former carburetor-repair shop.
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HHGregg reports higher profit, lower same-store sales

February 8, 2011
Scott Olson
The Indianapolis-based appliance and electronics retailer lowered its fiscal 2011 outlook on soft demand for pricier televisions and appliances.
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Indiana lawmaker pushes Sunday sales of alcohol, cars

February 5, 2011
Associated Press
Indiana shoppers would be able to buy a six-pack of beer or a new car on Sundays if state Sen. Phil Boots is successful in rolling back two of the few remaining blue laws still in effect in Indiana.
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Simon Property's quarterly profit rises on improving retail sales

February 4, 2011
 IBJ Staff and Bloomberg News
Earnings for the Indianapolis-based shopping mall owner increased to $217.9 million in the fourth quarter, up from $91.5 million in the fourth quarter of 2009. Funds from operations, a key measurement used by real estate investment trusts, also improved.
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